Tag Archives: Housing Development Board

7,000 HDB flats to be made available in next three months

Posted on 2 Oct 2009 | Comments Off on 7,000 HDB flats to be made available in next three months

The Housing and Development Board (HDB) will release 7,000 new flats in the next three months, to cope with strong market demand.

This is more than that offered in the first nine months of the year.

From now to December, the HDB will launch 5,000 new flats for sale under its Build-to-Order (BTO) scheme.

These will be in both new and mature towns, including 1,700 units in Dawson estate in Queenstown.

The Dawson developments will be part of the HDB’s Remaking Our Heartlands programme.

This is the second time this year that authorities are bumping up the supply of new flats, and the move should please some first-time homebuyers.

In July, National Development Minister Mah Bow Tan announced that the HDB will build 8,000 flats this year, up from the original target of 6,000. But speaking to reporters on Thursday, he said continued strong demand from homebuyers in July and August has prompted his ministry to revise its target upwards once more. Continue reading →

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HDB steps up supply of new public housing flats

Posted on 2 Oct 2009 | Comments Off on HDB steps up supply of new public housing flats

Singapore’s public housing authority, Housing & Development Board, is stepping up its supply of new flats to meet increased demand.

In a news release issued on Thursday, it said that with the good response to recent Build-To-Order (BTO) launches, it will be increasing its BTO supply this year from 8,000 units to 9,000 units. The BTO system was introduced in 2001.

In addition, HDB launched a Sale of Balance Flats (SBF) exercise on Thursday, and offered another 2,132 flats for sale. The SBF consists of flats accumulated from earlier BTO exercises, surplus Selective En-bloc Redevelopment Scheme (SERS) replacement flats and repurchased flats, among others

‘It replaces the existing Balloting Exercise, Quarterly Sales and Half-Yearly Sales. HDB will only conduct the SBF as and when there are sufficient numbers of such flats accumulated,’ HDB said.

Source : Business Times – 1 Oct 2009

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